Argus Research Cuts Rating On Equifax, Inc. (EFX)

Andrew Cummings
September 17, 2017

Wall Street analysts are still seeing some upside to Equifax Inc. (NYSE:EFX) earned "Buy" rating by Deutsche Bank on Friday, February 12.

EFX has been the subject of several other research reports. Cowen and Company restated a buy rating and issued a $151.00 price target on shares of Equifax in a report on Friday, July 28th. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Zacks Investment Research downgraded Equifax from a buy rating to a hold rating in a research report on Monday, July 17th. Morgan Stanley cut their price target on Equifax from $144.00 to $140.00 and set an equal weight rating for the company in a research note on Friday, September 8th. Equifax presently has a consensus rating of Buy and a consensus price target of $137.93.

Equifax (NYSE EFX) opened at 92.98 on Tuesday.


Company chares are trading at $94.55 which is significantly lower than $137.80, the stock's 50 day moving average and impressively lower than the 200 day moving average of $137.30.

The P/E ratio is now 20.03 and market cap is 11.38B. Equifax has a one year low of $89.59 and a one year high of $147.02.

Equifax (NYSE:EFX) last released its quarterly earnings results on Wednesday, July 26th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.05. The business had revenue of $856.70 million for the quarter, compared to analysts' expectations of $860.48 million. Equifax Inc had 36 analyst reports since July 24, 2015 according to SRatingsIntel. The company's revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.43 EPS. IFP Advisors Inc grew its position in shares of Equifax by 9.4% during the 1st quarter. (NYSE:EFX). Ontario Teachers Pension Plan Board owns 52,593 shares. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark laws. (NYSE:EFX) news were published by: Reuters.com which released: "Credit Karma to launch free ID monitoring following Equifax hack" on September 15, 2017, also Seekingalpha.com with their article: "Equifax Valuation Is Attractive But Risks Remain" published on September 14, 2017, Seekingalpha.com published: "Equifax targeted by Sen". Investors of record on Friday, August 25th were issued a $0.39 dividend. The ex-dividend date was Wednesday the 23rd of August 2017. The dividend yield was $1.58. Equifax's payout ratio is 33.05%.


In other Equifax news, insider Rodolfo O. Ploder sold 3,341 shares of the business's stock in a transaction that occurred on Tuesday, November 29th. Following the sale, the insider now directly owns 42,723 shares in the company, valued at approximately $6,238,412.46. John W. Jr Gamble, CVP & CFO disclosed the sale of 6,500 shares of (EFX). Insiders have sold a total of 12,219 shares of company stock worth $1,780,938 in the last three months.

Since May 23, 2017, it had 0 insider buys, and 1 sale for $1.91 million activity. As of the end of the quarter Janus Capital Management LLC had acquired a total of 79,413 shares growing its holdings by 7.5%. YorkBridge Wealth Partners LLC now owns 744 shares of the credit services provider's stock valued at $102,000 after purchasing an additional 143 shares in the last quarter. Sentry Investment Management LLC lifted its holdings in shares of Equifax by 1.4% in the second quarter. The firm owned 2,823,685 shares of the company's stock after buying an additional 307,371 shares during the period. It also increased its holding in Verifone Sys Inc (NYSE:PAY) by 54,706 shares in the quarter, for a total of 508,591 shares, and has risen its stake in Regulus Therapeutics Inc (NASDAQ:RGLS). Toronto Dominion Bank now owns 40,718 shares of the credit services provider's stock valued at $5,594,000 after buying an additional 8,364 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Equifax in the second quarter valued at $1,055,000. Hedge funds and other institutional investors own 86.41% of the company's stock.

Equifax Inc.is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates through four segments: U.S. Information Solutions (USIS), International, Workforce Solutions and Personal Solutions.


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